Debtors take credit cards to task for allowing bets

Article Abstract:

Debtor bettors of online gambling have filed a class action lawsuit against MasterCard International and a bank credit card company for allowing bets on illegal gambling operations. Over 300 Internet sites have gambling or casino operations that companies defend as legal due to the absence of regulations that specify the nature of Internet gambling. MasterCard and credit card issuers recently settled a lawsuit filed by a woman gambler who lost $70,000 and used 12 credit cards.

Commercial Banking, Legal issues & crime, Bank Credit Cards, Nonbank Credit Card Firms, Credit Card Issuing, Other Gambling Industries, Legal Gambling NEC, Nonbank credit card services, MasterCard International Inc., Gambling

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Columbia/HCA off life support

Article Abstract:

Columbia/HCA Healthcare Corp has reported that profits from operations reached $271 million or 42 cents a shre in the 1st qtr 1999, up by 12% from $241 million or 37 cents a share in the year-ago period. The company has sold or spun off 118 hospitals worth around $4.5 billion since July 1997 when it disclosed that it was the target of a Medicare fraud investigation. Columbia/HCA is currently negotiating for a settlement with the Justice Dept.

Sales, profits & dividends, Hospitals, HCA - the Healthcare Corp.

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